Franc

related topics
{company, market, business}
{country, population, people}
{language, word, form}
{@card@, make, design}

The franc is the name of several currency units, most notably the French franc, the currency of France until it adopted the euro in 1999 (by law, 2002 de facto), and the Swiss franc, still a major world currency today due to the prominence of Swiss financial institutions. The name is said to derive from the Latin inscription francorum rex ("King of the Franks") on early French coins, or from the French franc, meaning "free" (and "frank").

The countries that use francs include Switzerland, Liechtenstein, and most of the Francophone countries of Africa. Before the introduction of the euro, francs were also used in France, Belgium and Luxembourg, while Andorra and Monaco accepted the French franc as legal tender (Monegasque franc). The franc was also used within the French Empire's colonies, including Algeria and Cambodia. The franc is sometimes italianised or hispanicised as the Franco, for instance in Luccan Franco.

One franc is typically divided into 100 centimes. The French franc symbol was an F with a line through it (₣) or, more frequently, only an F.

Contents

Origins

The franc was originally a French gold coin of 3.87 g minted in 1360 on the occasion of the release of King John II ("the good"), held by the English since his capture at the Battle of Poitiers four years earlier. It was equivalent to one livre tournois (Tours pound).

Full article ▸

related documents
Economy of Mauritania
Economy of Ethiopia
Economy of Chad
Economy of the Bahamas
Economy of Tuvalu
Economy of Guinea-Bissau
Liability
Credit money
Economy of Kiribati
European Bank for Reconstruction and Development
World Food Programme
Economy of the Isle of Man
Gratis
Bookkeeping
Economy of Switzerland
Market capitalization
Communications in Sudan
2000–2009
Cessna
IG Farben
France Télécom
ARCO
Government-granted monopoly
Big Business
Mitsubishi
Bunge Limited
American Stock Exchange
Economy of Mauritius
Economy of the United States Virgin Islands
Alfred P. Sloan